RED MOUNTAIN MINING LIMITED — Share Issue/Capital Change 2023

Sep 28, 2023

Announcement Summary

Entity name

RED MOUNTAIN MINING LIMITED

Announcement Type

New announcement

Date of this announcement

Friday September 29, 2023

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +securitycode	Security description	Number of +securities tobe quoted	Issue date
New class - codeto be confirmed	RMXOK - Quoted Options (exercisable at $0.008,expiring 14 September 2026)	30,000,000	29/09/2023

Refer to next page for full details of the announcement

Part 1 - Entity and announcement details

1.1 Name of entity

RED MOUNTAIN MINING LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type ABN

Registration number 40119658106

1.3 ASX issuer code RMX

1.4 The announcement is

New announcement

1.5 Date of this announcement

29/9/2023

Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

New +securities in a class that is not yet quoted on ASX ("new class")

Part 3C - number and type of +securities to be quoted (new class) where issue has not previously been notified to ASX in an Appendix

3B

Existing +securities converting into a new class

FROM (Existing Class) ASX +security code and description

RMXAE : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES

TO (New Class) ASX +security code

New class - code to be confirmed

TO (New Class) +Security description

RMXOK - Quoted Options (exercisable at $0.008, expiring 14 September 2026)

TO (New Class)
+Security type

Options

TO (New Class) ISIN Code

AU0000298556

Please state the number of optionsthat were exercised or other+convertible securities that were	The first date the options wereexercised or other +convertiblesecurities were converted	The last date the options wereexercised or other +convertiblesecurities were converted
converted	29/9/2023	29/9/2023
30,000,000

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? Yes

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

No

Will all the +securities issued in this class rank equally in all respects from the issue date?

Will all the +securities issued in this class rank equally in all respects from the issue date? Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

No

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Number of +securities held	Number of holders	Total percentage of +securities heldFor example, to enter a value of 50%please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.00800000	14/9/2026

Details of the type of +security that will be issued if an option is exercised

Other

Description

Fully paid ordinary shares

Number of +securities that will be issued if an option is exercised

1 fully paid ordinary share for 1 option exercised.

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities to be quoted or provide the information by separate announcement.

https://announcements.asx.com.au/asxpdf/20230919/pdf/05v0wbg52q9p99.pdf

Issue details

Number of +securities to be quoted

30,000,000

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

broker options issued as consideration for placement

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.000000

Any other information the entity wishes to provide about the +securities to be quoted

Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one

application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

ASX +security code and description	Total number of+securities on issue
RMX : ORDINARY FULLY PAID	2,673,576,037
New class - code to be confirmed : RMXOK - Quoted Options (exercisable at $0.008,expiring 14 September 2026)	30,000,000

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of+securities on issue
RMXAE : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	125,224,606
RMXAAB : PERFORMANCE RIGHTS	205,128,206